The suspension of the Stability Pact in 2025 would allow Italy to have approximately 10-12 billion euros more than if the new fiscal rules remained fully implemented. These are not additional EU funds nor artificially created fiscal capacity, but real, immediate room for maneuver in the public budget as a result of the suspension of the new Pact's structural adjustment obligations. According to the parameters introduced with the 2023 reform, Italy is required to reduce the structural deficit by 0.5 percentage points of GDP per year beginning in 2025, corresponding to approximately 10 billion euros: a significant correction that, in the absence of extraordinary interventions, would have to be achieved through cuts in public spending or increases in revenue. This is the projection of the Unimpresa Study Center, which posits that the general safeguard clause, which was previously implemented effectively during the pandemic crisis and the subsequent energy crisis, would suspend this correction. This would enable the government to fully leverage the budget to support growth, defend competitiveness, and mitigate the effects of new global economic tensions.
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